Riverchase Wealth Management LLC Sells 158 Shares of iShares MSCI USA Quality Factor ETF (BATS:QUAL)

Riverchase Wealth Management LLC decreased its position in iShares MSCI USA Quality Factor ETF (BATS:QUAL) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,991 shares of the company’s stock after selling 158 shares during the quarter. iShares MSCI USA Quality Factor ETF makes up approximately 0.8% of Riverchase Wealth Management LLC’s portfolio, making the stock its 23rd largest position. Riverchase Wealth Management LLC’s holdings in iShares MSCI USA Quality Factor ETF were worth $1,195,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. grew its position in iShares MSCI USA Quality Factor ETF by 84.2% during the first quarter. Cullen Frost Bankers Inc. now owns 175 shares of the company’s stock valued at $30,000 after buying an additional 80 shares during the period. CoreFirst Bank & Trust bought a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter valued at about $32,000. Bellwether Advisors LLC bought a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter valued at about $32,000. Mascagni Wealth Management Inc. bought a new position in iShares MSCI USA Quality Factor ETF during the fourth quarter valued at about $36,000. Finally, Whittier Trust Co. grew its position in iShares MSCI USA Quality Factor ETF by 63.1% during the fourth quarter. Whittier Trust Co. now owns 212 shares of the company’s stock valued at $38,000 after buying an additional 82 shares during the period.

iShares MSCI USA Quality Factor ETF Stock Performance

BATS QUAL traded up $7.64 during trading on Friday, hitting $184.28. 1,138,168 shares of the company’s stock traded hands, compared to its average volume of 1,256,880. The stock has a market capitalization of $53.43 billion, a price-to-earnings ratio of 25.59 and a beta of 1.05. iShares MSCI USA Quality Factor ETF has a 12-month low of $148.34 and a 12-month high of $187.26. The business has a 50 day moving average of $179.61 and a 200-day moving average of $176.36.

iShares MSCI USA Quality Factor ETF Company Profile

The iShares MSCI USA Quality Factor ETF (QUAL) is an exchange-traded fund that is based on the MSCI USA Sector Neutral Quality index. The fund tracks an index of US large- and mid-cap stocks, selected and weighted by high ROE, stable earnings growth and low debt\u002Fequity, relative to peers in each sector.